Family involvement, internal control and agency costs – Evidences from China's listed family firms
نویسندگان
چکیده
منابع مشابه
Political Connection, Financing Frictions, and Corporate Investment: Evidence from Chinese Listed Family Firms
Using a sample of Chinese family firms from 2000 to 2007, we investigate whether the political connection of the family firms will help them to reduce the frictions they face in external financing in a relationship-based economy. We find that political connectedness of family firms could reduce their investment-cash flow sensitivity. More interestingly, this political connectedness effect exist...
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ژورنال
عنوان ژورنال: Perspectives in Science
سال: 2016
ISSN: 2213-0209
DOI: 10.1016/j.pisc.2015.11.009